Royal Bank Of Canada Has Lowered Expectations for Conagra Brands (NYSE:CAG) Stock Price

Conagra Brands (NYSE:CAG) had its price target dropped by investment analysts at Royal Bank Of Canada from $20.00 to $17.00 in a report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 8.25% from the company’s current price.

Several other equities analysts also recently commented on CAG. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $15.00 price objective (down from $20.00) on shares of Conagra Brands in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Conagra Brands from $18.00 to $14.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Zacks Research raised shares of Conagra Brands from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price objective on Conagra Brands from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Finally, Wall Street Zen upgraded Conagra Brands from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Conagra Brands has an average rating of “Reduce” and a consensus target price of $16.27.

Conagra Brands Trading Down 0.1%

Shares of NYSE CAG opened at $15.71 on Thursday. Conagra Brands has a 1-year low of $15.03 and a 1-year high of $27.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.28. The business’s 50 day moving average is $17.77 and its two-hundred day moving average is $17.72. The stock has a market capitalization of $7.51 billion, a P/E ratio of -157.03 and a beta of 0.04.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.76 billion. Conagra Brands had a negative net margin of 0.39% and a positive return on equity of 10.15%. Conagra Brands’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. As a group, research analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Institutional Investors Weigh In On Conagra Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its holdings in shares of Conagra Brands by 25.0% during the fourth quarter. Hsbc Holdings PLC now owns 785,989 shares of the company’s stock valued at $13,634,000 after acquiring an additional 157,423 shares in the last quarter. World Investment Advisors purchased a new stake in Conagra Brands in the 4th quarter worth approximately $177,000. Alpine Global Management LLC acquired a new stake in shares of Conagra Brands during the 4th quarter worth approximately $181,000. Virtu Financial LLC increased its holdings in shares of Conagra Brands by 149.6% during the 4th quarter. Virtu Financial LLC now owns 59,039 shares of the company’s stock valued at $1,022,000 after purchasing an additional 35,390 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in shares of Conagra Brands by 24.2% during the 4th quarter. Sunbelt Securities Inc. now owns 14,498 shares of the company’s stock valued at $251,000 after purchasing an additional 2,826 shares in the last quarter. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

Conagra Brands News Summary

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Management said organic sales growth and volume trends are improving, suggesting demand recovery that could support revenue stabilization going forward. Conagra Returns to Organic Sales Growth
• Positive Sentiment: Some analysts continue constructive views (overweight/outperform ratings remain at a few firms), providing a floor for sentiment if execution improves. Analysts Slash Forecasts After Q3 Results
• Neutral Sentiment: Full prepared remarks and call transcript are available — useful for gauging management’s guidance, cost outlook and planned margin actions but contain mixed signals rather than new catalysts. Earnings Call Prepared Remarks Transcript
• Negative Sentiment: Q3 EPS missed estimates ($0.39 vs. $0.40) and management issued a cautious near-term outlook, raising concerns about margin pressure from inflation and costs. That miss is the primary immediate driver of the share decline. Q3 Earnings Call Transcript (EPS Miss)
• Negative Sentiment: Major brokerages slashed price targets and some downgraded ratings (Goldman, Wells Fargo and multiple peers cut PTs), amplifying selling pressure and lowering the analyst-driven support level for the stock. These Analysts Slash Their Forecasts
• Negative Sentiment: Investor governance/ transparency flag: commentary that no insiders set trading plans has raised questions about management confidence and disclosure practices, a potential sentiment headwind for some holders. Insider Trading Plans and Transparency Concerns

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.